Higher clinker export duty proposed to restrict export of natural resources

Higher clinker export duty proposed to restrict export of natural resources

The export duty of clinker has just been proposed to be doubled from 5 to 10 per cent to reduce the exports of non-renewable natural resources.
US removes tariff threats against Vietnam

US removes tariff threats against Vietnam

The Office of the United States Trade Representative (USTR) on July 23 issued a formal determination in the Vietnam Currency Section 301 investigation, under which the agency will not take any tariff action against Vietnam.
Timeline extended for e-commerce taxation

Timeline extended for e-commerce taxation

Tax authorities will give five more months for e-commerce platforms to set up data connectivity and begin sharing online sellers' information from January 2022.
G20 endorses historic global tax reform

G20 endorses historic global tax reform

G20 finance ministers on Saturday gave their backing to a historic deal to overhaul the way multinational companies are taxed, and urged hold-out countries to get on board.
New tax put forth to restrain speculation

New tax put forth to restrain speculation

Hanoi and Ho Chi Minh City are proposing a series of solutions to impose extra tax after a recent request from the prime minister to readjust the real estate market to limit investment flows into unused property from speculation.
Tax authorities hold full data of online vendors from 2022

Tax authorities hold full data of online vendors from 2022

Local tax authorities will have full access to data pertaining to the revenue of vendors on online platforms from 2022.
Tax authorities at a loss over collecting dues from online business

Tax authorities at a loss over collecting dues from online business

Despite progressively stricter regulations by tax collectors, individuals running business via online platforms are always a step ahead finding workarounds.
New rule reshuffles tax burden

New rule reshuffles tax burden

While new efforts from the Vietnamese government to press e-commerce platforms to declare and pay tax on behalf of individual vendors and business households would unscramble tax enforcement for local authorities, e-commerce platforms are pushing back against the extra burden placed on them.
CIT bonus dangled to lure high-tech groups

CIT bonus dangled to lure high-tech groups

Foreign-invested enterprises could be set to enjoy a relaxation in corporate income tax payments in Vietnam, if they pay enough attention to research and development as well as high technology.
Tax hammer falling on foreign OTT apps

Tax hammer falling on foreign OTT apps

The Vietnamese government is taking further measures to force compliance out of overseas over-the-top platforms.
Leading sectors remain in doldrums

Leading sectors remain in doldrums

While the pandemic pushes businesses into woes and close to bankruptcy, the Ministry of Planning and Investment has proposed numerous measures on interest rate and tax support to help them survive.
E-commerce expansion complicates tax obligations

E-commerce expansion complicates tax obligations

As one of the fastest-growing internet economies, Vietnam boasts great potential for e-commerce thanks to the country’s increasing young and tech-affine population..
New tax burden under Circular 40 finds resistance from e-commerce platforms

New tax burden under Circular 40 finds resistance from e-commerce platforms

Various e-commerce platforms are voicing concerns about the latest regulation putting the burden on reporting and paying tax for their individual vendors.
Multitude of options on table for further tax interventions

Multitude of options on table for further tax interventions

With the current outbreak still not entirely controlled, the government stands at a complicated crossroads as it needs to choose between further state budget security and continued support for the business community.
Landmark corporation tax deal changes the game

Landmark corporation tax deal changes the game

Last week, the G7 countries agreed on a historic deal for a global minimum corporate tax rate for international companies.
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